Business & Market Intelligence

Tourism to Bring $110 Billion to Asia Pacific by 2009

Tourism should bring the Asia Pacific region
$110 billion in revenues over the next three years, with much of that
coming from travelers in the region, according according to the report
from the Pacific Asia Travel Association or PATA, reports AP.

China is expected to lead the way with
$36 billion in tourist dollars, followed by Thailand at $13 billion,
Malaysia with about $11 billion and South Korea with $7 billion, according
to the report.

"One of the fastest growing regions
in the world, Asia Pacific stimulates some 60% of global tourism
demand," said John Koldowski, director of PATA's Strategic
Intelligence Center. PATA expects the arrivals growth averaging around 6%
per year to 2009.

Hong Kong traffic into Japan is
expected to grow by 17% over the forecast period